Incident Overview
On March 14, 2024, according to intelligence from the SlowMist security team, the IT token on the BSC was attacked, with the attacker profiting approximately $15,200. The attacker exploited the transfer function in the IT token, which allowed additional tokens to be minted to the pool based on the amount of tokens being exchanged, gradually increasing the reserve of IT tokens in the pool, manipulating the price, and continuously exchanging BSC-USD tokens from the pool for profit.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.